The cryptocurrency world is full of opportunities and challenges. We need to maintain a clear mind at all times so that we are not influenced by short-term market fluctuations. It is inevitable to encounter some setbacks in the crypto space. We must understand that every difficulty we face is a stepping stone towards success. We should learn to view problems with a long-term perspective; without taking small steps, we cannot reach great distances. The road to success is destined to be winding and long!
Feiran's Cryptocurrency Analysis on August 13 (Written at 08:30) BTC Market Analysis and Trading Suggestions:
Bitcoin made steady progress yesterday, boosted by news, and has now surpassed the 120,000 mark. Currently, the price is oscillating around the 120,000 range. On the daily chart, Bitcoin is filling the gap from the previous day's decline, and the MACD indicator shows a golden cross with slight volume increase, indicating a short-term upward tendency. However, the lack of momentum and lower trading enthusiasm compared to other cryptocurrencies have prevented Bitcoin from advancing further. On the hourly chart, Bitcoin's price is stable, the Bollinger Bands are opening slowly, and there are signs of convergence in the smaller moving averages. During the day, we should pay attention to whether the 120,000 mark can stabilize; if it does, we can look for further upward movement.
BTC Trading Suggestions:
Buy around 119,500-119,800, target 121,000-122,000. If there is a strong breakout, continue to look upward, with a stop loss at 118,800.
Ethereum continues its previous strong performance, rising from 4,300 to 4,600 with almost no significant pullbacks, directly reflecting the market's bullish sentiment. Both the 4-hour and daily charts show Ethereum in a state of increasing volume, and the short-term bullish trend is still ongoing. Be cautious about shorting; the morning strategy is to look for pullbacks to continue buying.
ETH Trading Suggestions:
Consider buying in batches on pullbacks to 4,550-4,600, with a target of 4,700-4,800. If it breaks through, continue to reduce positions and look upward, with a stop loss at 4,500.
The strategies in this article may have a time lag and are for reference only. Please view them rationally, and you are responsible for your own profits and losses!
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